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Here are some reasons why travel insurance is important
Therefore, opting for travel insurance becomes essential when planning a vacation as it eliminates any potential risks that one could possibly encounter while travelling during the monsoon. With this in mind, let’s further explore the importance of a travel insurance plan.Covers against health emergencies: Traveling during monsoon is often riskier than in other seasons. One may get sick easily if exposed to disease-carrying insects like wasps and mosquitoes while travelling. A travel insurance policy covers the cost of medical treatment up to a certain amount.
These insurance plans don’t make distinctions between types of medical emergencies. It could be any sort of medical or accident treatment and the insurance company will cover the costs up to the specified cap. Insurance providers also have a list of network hospitals where one can receive treatment.
Protects against losses: Loss of a passport, checked-in baggage, or any other personal belonging is among the losses that travel insurance covers. By providing coverage against these losses, the insurance company compensates the traveller and provides an additional layer of protection from financial loss.
Provides personal liability coverage: It serves as insurance against harm the insured may do to a third party. If one unintentionally causes damage to a third party during travel, especially overseas travel, this component of travel insurance will pay the compensation. Third-party liability may apply to injuries to people or damage to property. This personal liability coverage differs from product to product.
Covers against trip disruptions: The itinerary of the trip is subject to change at any time. It can be due to unforeseen circumstances, health issues, cancellation of flights due to natural calamity, or heavy rainfall due to monsoon.
These potential losses that may occur before a trip commences are covered by a travel insurance policy. Travel insurance plans also cover trip curtailment due to any reason. This coverage may vary from one product to another.
It is fairly evident that travel insurance can save one from a number of unpleasant scenarios that could cause not only financial loss but also irreversible damage or even death in some medically serious cases. So, it’s important to remember to include travel insurance the next time one plans a vacation.
Not only can it save one from getting into unnecessary trouble, but also provide assistance in case they find themselves stranded at any point of their travel.
Source : Travel world
